Subbarao says inflation still running high

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India's inflation rate of 7.5 per cent is still high, the central bank governor Duvvuri Subbarao said on Friday, adding the RBI was on alert to manage both growth and inflation.

India's headline inflation rose 7.45 per cent in October, data on Wednesday showed, unexpectedly easing to its slowest pace in eight months.

Subbarao was speaking on the sidelines of a banking summit in Pune.